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top of the hour this monday, big day for banks. i m erica hill, and the president is speaking to americans with a calm an reassuring tone on the heels of two failing banks over the weekend, and sparking concerns about whether it could lead to more. his message with the american banking system is safe. all customers who had deposits in these bans ks can rt assured they will be protected and access to their money today. that means that those who bank there and need to make payroll and pay bills and stay open for business, and this is an important point, no losses will be borne by the taxpayers. and the president is vowing major changes by the white house, and forced to take emergency action with more than $200 billion worth of deposits into the line to keep other banks from failing. matt egan and m.j. lee come in to join us, and with the action of the u.s. treasury and others to make sure that they ensure beyond the threshold and the president getting out there to say we

Erica hillBig dayBanking systemKs can rtOpen for businessWhite houseM jJamie lee curtisMatt egan200 billion00 billionU s treasuryLiquidity squeezeEmergency lending serviceSilicon valleySilicon valley bank